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MFI PAYMENTS
IDFC First Bank receives Rs 514.82 crore insurance payout on microfinance defaults, expects full provision write-backIDFC First Bank has successfully secured a substantial allocation of over Rs 500 crore from the Credit Guarantee Fund for Micro Units. This...- Born out of microfinance, Bandhan Bank now bets big on AI and digital bankingAs Bandhan Bank accelerates its transition from a microfinance-led institution into a universal bank, Executive Director & COO Ratan Kumar ...
- Manappuram Finance shares fall 3% after Q4 earnings: Here's why Jefferies, other brokerages are bullishManappuram Finance shares dipped despite a strong Q4 FY26 profit, driven by a surge in gold loans. While brokerages like Jefferies turned b...
- Haitong sees 26% upside in Paytm. Lists 4 reasons for buying the dipsHaitong has initiated a coverage on One 97 Communication (Paytm) with an ‘Outperform’ rating for a target of Rs 1,410, implying an upside o...
- Women borrowers hold Rs 76 lakh crore credit portfolio: ReportThe Aayog, in the report titled 'From Borrowers to Builders: Women and India's Evolving Credit Market', said that between December 2017 and...
- Demand for personal, vehicle loans surged by 12% in the last four months, says reportThe demand for personal and vehicle loans in India has increased by 12% over the past four months, driven by the festive season. The BFSI s...
- IDFC & Federal Bank partner with Sa-Dhan on UPI123PAY"Digitization in collections in the microfinance sector has been a great challenge as most of the MFI clients do not possesses smartphones....
- IDFC partners with Sa-Dhan to provide digital microfinance solutions to feature phone users"Digitization in collections in the microfinance sector has been a great challenge as most of the MFI clients do not possess smart phones,"...
- NextGen ties up with Sa-Dhan to promote digital paymentsNextGen plans to bring technical solutions like setting up an UPI Auto pay platform for regular EMIs as an auto pay function, riding on the...
- MFI borrowers to benefit from ex-gratia payment of interest schemeRoughly, around Rs 300 crore will flow in as a relief to the MFI borrowers due to the order on an aggregate loan of Rs 60,000 crore, Microf...
- Satin Creditcare Network jumps 5% as board approves Rs 120 crore rights issueThe MFI's capital-to-risk weighted assets ratio stood at 30.49 per cent.
- Satya MicroCapital collects Rs 100 crore through cashless transactions18% was collected by the MFI in the first year of its operations, 40% in the second year and 42% during the first half of 2019.
- Satin Creditcare launches digital lending appThe mobile application can be used for availing instant loans of Rs.20,000 of Rs.25,000 with a payback tenure of 9 or 12 months at 25% inte...
- Aadhaar based transaction to digitise 98 crore MFI paymentsEven as digitisation continues as a back-end process, financial products in the Indian micro finance industry are high on human touch, invo...
- NPCI starts pilot project to digitise transactions in micro finance institutionsThe customer has to dial the contact, enter the amount and Unified Payments Interface (UPI) PIN on the feature phone and the repayment gets...
- PTC India Q3 FY14 net profits up by 315% to Rs. 90.78 croreEarnings before Interest, Depreciation and Taxation (EBIDTA) registered an increase of 332% to Rs. 135.31 Crore from Rs. 31.27 Crore.
- Budget 2013: An additional Rs 100 crore dose to help MFIs raise capitalThe government has lent a helping hand yet again to the microfinance sector by topping up a dedicated development fund with a fresh Rs 100-...
- Budget 2013: FM offers an additional Rs 100 crore dose to help MFIs raise capitalThe government has lent another helping hand to microfinance companies by topping up a dedicated microfinance development fund with a fresh...
- SKS to raise Rs 200 cr through securitisationThe country's only listed microfinance entity SKS Microfinance today said it plans to raise around Rs 200 crore through securitisation from...
- Bengal MFIs make distress call to banksFacing a shortage of lendable resources, microfinance institutions in West Bengal have huddled together and are desperately trying to convi...
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